Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Amnesty calls out Cellebrite DI (CLBT) for spy tech misuse in Serbia

Cellebrite DI has come under pressure after an allegation that its tech was used for unethical practices in Serbia. The company’s phone unlocking technology was used to install home-grown spyware on the mobile devices of journalists and activists. The allegations come from Amnesty International, which has based this news on the feedback received from Serbian activists.

Cellebrite DI is a leading provider of digital intelligence solutions in data extraction and mobile forensics. Law enforcement agencies typically use its technologies to extract data from mobile devices. It allows them to carry out investigations smoothly with quick access to data stored on mobile phones that are part of an investigation.

The company makes money from providing consulting and training services to organizations that use its technology for their investigative needs. It also develops custom solutions for such organizations. A large part of its revenue comes from a subscription to its software services.

According to Amnesty International, Cellebrite’s software was used to unlock phones and install spyware dubbed NoviSpy on multiple mobile phones. In some cases, journalists reported suspicious activities on their devices right after meeting government officials. One activist reported that his whole contacts list was immediately exported right after a meeting with officials of the BIA, the Serbian Intelligence Agency.

As Serbia’s use of Cellebrite’s tech comes under fire, it must be mentioned that this isn’t exactly the purpose of the company’s technology. While it’s true that law enforcement uses it to unlock phones, the purpose of that is to aid in investigations, not in spying on journalists and activists. Serbia got access to this software as part of a package funded by the Norwegian government through the United Nations to allow the country to fight organized crime. The use by government agencies has therefore come under fire and Norway isn’t happy either. The country’s deputy foreign minister, Maria Varteressian plans to take up the matter with the UN and Serbian authorities.

Cellebrite stock is up 140% in a year and has been on an uptrend since the Israel-Palestine conflict started in October last year. The company’s financial prospects are unlikely to be majorly impacted by this development as it isn’t directly responsible for the misuse of the product, nor did it directly supply it to the Serbian authorities. However, in the wake of Israel’s phone-exploding attack on Lebanon’s Hezbollah, spying software is being talked about more than before. This exposes the industry to stricter regulation, though we believe that is unlikely to cause much trouble as the company already has good relationships with governments due to the nature of its business.

Cellebrite DI doesn’t rank on our latest list of the 31 Most Popular Stocks Among Hedge Funds. As per our database, 30 hedge fund portfolios held CLBT at the end of the third quarter which was 32 in the previous quarter. While we acknowledge the potential of CLBT as a leading investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as CLBT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.

Disclosure: None. This article was originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

If you’re thinking about getting in, don’t wait – because once Wall Street catches wind of this story, the easy money will be gone.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99 a month.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!